Skip to content

Excessive Withdrawal Fee Rule (TISA)

Answered by: 

Question: 
Does an excessive withdrawal fee need to be disclosed on the TISA if it is not an automatic fee? The bank has the option to charge it or not. Would it be considered an incidental fee in this case?
Answer: 

Its purely a transaction fee that if not disclosed, it cannot be charged.

First published on BankersOnline.com 9/5/11

First published on 09/05/2011

Filed under: 
Filed under compliance as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics